Filing Flows › Yum China Holdings (YUMC) › Q1 2025
Yum China Holdings (YUMC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Yum China Holdings (YUMC) reported revenue of $3.0B for the first quarter 2025 (Q1 2025), +0.8% from a year earlier and +15% from the quarter before. Operating margin was 13.4%, net earnings $292M (9.8% of revenue).
Yum China Holdings, Q1 2025: revenue $3.0B (+0.8% year over year), operating margin 13.4%, net earnings $292M, operating cash flow $452M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +15% | +0.8% |
| Operating profit | $399M | +164% | +7% |
| Net earnings | $292M | +154% | +2% |
| Operating cash flow | $452M | +171% | +2% |
| Free cash flow | $315M | — | +25% |
What changed
Revenue was $3.0B in Q1 2025, up 1% year over year and up 15% from the previous quarter. Food and Non Food Revenues From Sales was the largest line at 94% of revenue. Transactions with Franchisees added $0.01B year over year (up 13%), 61% of the total change.
Operating profit was $0.40B, a 13.4% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 109% reached operating profit, above the 13% margin then. Total costs fell 0% while revenue rose 1%. Net earnings were $0.29B, up 2% year over year. The effective tax rate was 27.5%.
Operating cash flow was $0.45B (up 2% year over year), 144% of net income including minority interests. Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.14B left free cash flow of $0.32B.
Questions
What was Yum China Holdings' revenue in the first quarter 2025?
Yum China Holdings (YUMC) reported revenue of $3.0B for the first quarter 2025 (Q1 2025), +0.8% from a year earlier and +15% from the quarter before.
Was Yum China Holdings profitable in the first quarter 2025?
Operating profit was $399M (13.4% of revenue) and net earnings $292M.
Source: Yum China Holdings 10-Q on SEC EDGAR.